Looking to diversify beyond PDSYX? The mutual funds below have the lowest correlation with PDSYX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from PDSYX.
Best Diversifiers for PDSYX
1 mutual funds have low correlation with PDSYX (below 0.3), 0 of which are negatively correlated. The least correlated is LoCorr Macro Strategies Fund Class I (LFMIX) (Global Allocation) with a 1Y correlation of 0.19, up from -0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| LoCorr Macro Strategies Fund Class I | 0.19 | -0.04 | -0.10 | 85 | Global Allocation | PDSYX vs LFMIX | |
| Loomis Sayles Global Allocation Fund | 0.34 | 0.51 | 0.61 | 55 | Global Allocation | PDSYX vs LSWWX | |
| Calamos Global Dynamic Income Fund | 0.35 | 0.46 | 0.55 | 71 | Global Allocation | PDSYX vs CHW | |
| Nuveen Multi-Asset Income Fund | 0.35 | 0.48 | — | 50 | Global Allocation | PDSYX vs NMAI | |
| MH Elite Select Portfolio of Funds Fund | 0.36 | 0.36 | 0.57 | 57 | Global Allocation | PDSYX vs MHESX |
See all 54 diversifiers for PDSYX
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